Westwood Holdings Group Inc. Has $78.19 Million Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

Westwood Holdings Group Inc. grew its holdings in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 504,018 shares of the company's stock after buying an additional 7,535 shares during the quarter. Westwood Holdings Group Inc. owned approximately 2.59% of J&J Snack Foods worth $78,188,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in J&J Snack Foods by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 1,653,173 shares of the company's stock worth $256,457,000 after buying an additional 20,238 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in J&J Snack Foods by 0.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 645,005 shares of the company's stock worth $100,060,000 after buying an additional 2,357 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in J&J Snack Foods by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 468,298 shares of the company's stock worth $72,648,000 after buying an additional 6,544 shares in the last quarter. Bank of America Corp DE lifted its position in J&J Snack Foods by 0.6% during the 4th quarter. Bank of America Corp DE now owns 271,404 shares of the company's stock worth $42,103,000 after buying an additional 1,530 shares in the last quarter. Finally, DAVENPORT & Co LLC lifted its position in J&J Snack Foods by 5.8% during the 4th quarter. DAVENPORT & Co LLC now owns 248,523 shares of the company's stock worth $38,596,000 after buying an additional 13,653 shares in the last quarter. 76.04% of the stock is owned by institutional investors.

J&J Snack Foods Stock Performance

JJSF traded down $1.14 on Friday, reaching $111.46. The company had a trading volume of 104,165 shares, compared to its average volume of 109,219. J&J Snack Foods Corp. has a fifty-two week low of $111.11 and a fifty-two week high of $180.80. The stock has a market cap of $2.17 billion, a P/E ratio of 25.68 and a beta of 0.49. The company's fifty day moving average is $126.93 and its 200 day moving average is $141.68.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.34). The business had revenue of $356.10 million during the quarter, compared to the consensus estimate of $369.01 million. J&J Snack Foods had a net margin of 5.31% and a return on equity of 9.84%. The business's revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.84 EPS. On average, sell-side analysts expect that J&J Snack Foods Corp. will post 4.75 EPS for the current year.

J&J Snack Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Tuesday, June 17th. J&J Snack Foods's dividend payout ratio (DPR) is presently 80.00%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on JJSF shares. Benchmark lowered their price objective on shares of J&J Snack Foods from $165.00 to $150.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Jefferies Financial Group lowered their price objective on shares of J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating on the stock in a research note on Tuesday, February 18th.

About J&J Snack Foods

J&J Snack Foods Corp. engages in the manufacturing of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen novelties, churros, handheld products, and baked goods.